For now Paypal just let's you denominate your account in BTC, and claiming conversion fees both on the way in and out. They will need to hedge the risk somehow though, buying derivatives or actual bitcoin. Hard to say how significant it will be.

News has been known for many weeks (Paypal announced about three weeks ago when they said it was coming in about 3 weeks), likely had something to do with the positivity lately. It's a nicely bullish development for bitcoin because of optics, not sure how much it matters for actual buy ins though.

FFS, how stupid is that. So I can't actually spend my BTC to paypal merchants. I'm sure it'll eventually get to that point where they are like a full service exchange. Until then, it's pretty stupid.


Stock market flat, BTC up 8%. Yep TS, just another shitty way to track the market!

All of this "mainstream bitcoin" stuff is really just a way of taking bitcoin fish for fees. I admire the business model.
It's clearly ponzi pumping by Paypal news. Bitcoin remained market correlated even when a whale dumped it 10% some weeks ago with a selloff. Same thing here. Strong market/risk asset correlation has nothing to do with news flopping things around.

Well, first you'd need to find some merchants that actually accept bitcoin.

There used to be some but even they stopped because of slow unreliable settlement and high fluctuating fees.

meanwhile tooth still waiting to buy under 2k

Random junk stocks must be absolutely crushing today.

TS every morning his price theories are wrong

Can we get a ban over here please...

You just have to know how to use it. For instance, bitrefill.com lets you turn your BTC into money for most of your major merchants. Amazon and Ebay being a couple of them for a 1% fee. I use it for amazon, if I want to use it for something else I use cardcash.com which you can get gift cards for any place AT A DISCOUNT including an additional 2% discount for using BTC. You get instant e-mail delivery for many of them. So if I'm in home depot or something and need to spend $200, I can go to cardcash and buy a $200 home depot card and receive it instantly and get a 3% discount (1% then 2% more for using BTC) while spending my BTC.

The big box stores have the least discounts, but for instance, I just got back from Top Golf and used cardcash for it to save 20% while spending BTC.


If paypal would let you deposit BTC, now you could also spend BTC at every site that accepts paypal, which isn't the case since they don't allow you to deposit crypto.

This made me laugh.

Okay, so I spoke badly. The rest of the info is actually pretty good though.

TS nailed it again

that is not my understanding... I think it's more of an ON RAMP to cyrpto than it is a wallet/spend scenario. more akin to an Bitcoin ETF that allows you to buy 'interest' in BTC. you still wouldn't own the actual keys to the coin.

Colombian decaffeinated coffee crystals. So good. Lol. I miss Farley.

Even easier to stack sats, use Lolli. It's a browser extension. Shop online at many major retailers, pay with your credit card completely as usual, and you earn btc rewards. Just a little bit here and there, but no reason not to. And if you don't like btc anyways, just sell your rewards for fiat every once in a while, or put it on bitrefill lol

Things looking very bullish here:

> Steady pump on well established base
> Perp discount, lol wtf

Can't resist daydreaming about my hyper-bull dream, correction around 20k, pump to 30k+, crash holds 10k+

binance has a debit card coming up, I have been using their digital version and its 0 vig, spending crypto is super easy at any merchant that accepts visa

wat

you've been shi**ing on BTC for 5 years with wildly incorrect predictions

now you're a hyper-bull?

Every nocoiner is here to entertain us.

In crypto, what about all the fudsters and nocoiners that simply are not involved with BTC/crypto?

Tons of those are very loud as well (just like you) and they can't scream at you enough how it's a ponzi, rat poison, only used for criminals and should be at 0 by now!

Just how many bears( nocoiners) that are non-believers bro??

What's funny though is that quite a few have since changed their mind, Fidelity and Dimon comes to mind lol! What a 2 faced crook he is!

lol, how many gold stocks/miners go bust? Good luck buying those shares!!

Many plummet into oblivion, just like shitcoins, never hear you talk about those though, wonder why?

It's very big imo, 300 million noobs getting exposure to bitcoin and crypto.

What's even bigger news is that Bitcoin doesn't need Paypal but Paypal need to stay relevant and wants to make $$$, so naturally it is going to add crypto.

When the stock market stays flat/slightly up over the next 2 years and IF the crypto markets pump, like many forecast (because it's time for a bull market)

what will you say then? Looking forward to more insightful excuses!